Drax Group PLC — Director's Dealing 2016

Mar 8, 2016

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RNS Number : 4319R

Drax Group PLC

08 March 2016

8 March 2016

Drax Group plc

("Drax" or the "Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons

The notifications below are in accordance with DTR 3.1.4 R(1)(a) and DTR 3.1.4 R(1)(b) and the dealings were in respect of ordinary shares of 11 16/29 pence each in the share capital of the Company of which there were 406,347,243 shares in issue immediately prior to dealing.

The Company was notified today, 8 March 2016, that on 7 March 2016, the individuals detailed in this notice, each a PDMR, had nil cost conditional share awards vest in relation to the matching share awards and deferred element of annual bonus awards made on 27 February 2013 under the Company's long term incentive plan ("the Plan") and entered into transactions in the Company's ordinary shares as detailed in the tables below.

Details of the share awards vested and lapsed are as follows:

	Matching share awards vested1	Matching share awards lapsed2	Deferred share awards vested1
Directors
Andy Koss	6,265	20,769	-
Dorothy Thompson	38,340	127,018	29,494
Other PDMRs
Peter Bennell	5,570	18,463	-
Matthew Rivers	6,760	22,406	-

Notes:

1.     Includes Distribution Shares added at vesting based on accrued dividends throughout the performance period.

2.     Due to the Performance Conditions not being fully met.

The rules of the Plan permit the Company to procure the sale of sufficient of the individuals' vested shares to satisfy their liability to Income Tax and National Insurance Contributions ("Tax Liability") arising on the vesting of shares.  The Company has accordingly procured the sale of vested shares to meet the Tax Liability at 270.27 pence per share, the details of which are set out below:

	Number of shares sold to meet Tax Liability
Directors
Andy Koss	2,955
Dorothy Thompson	31,995
Other PDMRs
Peter Bennell	2,628
Matthew Rivers	3,189

The total holdings of each of the above PDMRs following the transactions detailed above are:

	Total shares held following transactions
Directors
Andy Koss	34,153
Dorothy Thompson	329,512
Other PDMRs
Peter Bennell	52,741
Matthew Rivers	12,206

Enquiries:

Drax Investor Relations: Michael Scott / Mark Strafford

+44 (0) 1757 612 230

Media:

Drax Communications: Andrew Brown

+44 (0) 1757 612 165

Website: www.drax.com

END

This information is provided by RNS

The company news service from the London Stock Exchange

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